I filed Chapter 7 bankruptcy in 1998. Once off my credit report, how much will my credit score increase?

Public Comments

1. No one knows, because your credit report changes monthly, based also on your bill paying practices. If you're late on other bills, your score could drop. Notice that not all 3 reports show the same information. All of your creditors may not be reporting to each one, which is why the score varies so much.
2. The formulas and algorithms that Fair Issac uses are a closely guarded secret. It may improve by a percentage or by a fixed number; only Fair Issac knows.
3. It all depends on how you are recently managing your credit. Even if the bankruptcy is gone, if you are still delayed in your debt payments, then your score will not go up as high. However, if you are managing your credit well, paying everything on time with no more black marks in your report, it can go up really high. I know of someone whose credit report increased from 650 with bankruptcy to about 780-800 when the bankruptcy was erased because he managed his credit extremely well and did not make any more mistakes